If the loan-to-value on your home is less than 50% and you own the property with someone else, it is possible just to borrow on your half of the loan. Consult a certified accountant or financial advisor.
We've filtered through our favorite news sites and here are the articles we're talking about around the office.
- NYT: Olympic Flame Burns Brighter on Last Day of Games
- Real estate set for rise ahead of new rules
- Why economists expect a hot spring real estate market
- Housing market strong but cooling
- Jim Flaherty tightens mortgage rules
- Household mortgage debt hits record
- NYT: Bilodeau Wins Moguls
- NYT: China Moves to Curb Inflation by Tightening Bank Credit
- Why some economists fear changes to mortgage rules
- Snow challenge overcome at Cypress
These Games spurred throngs of fans onto the streets, where they celebrated a gold medal - and a Winter Olympics - that united this nation [more]
But a buying frenzy may be around the corner as new borrowing rules and tax regimes re-energize sales [more]
Analysts expect a hot spring real estate market given move to tighten mortgage standards yesterday. [more]
Sales jump 58 per cent from year earlier as prices rise almost 20 per cent [more]
Finance minister unveils new mortgage rules needed to prevent negative trends from developing [more]
More Canadians – especially young, first-time home buyers – are assuming mortgage debt [more]
Three men stood in the sea of red at Cypress Mountain on Sunday, their chests bare except for paint. Euphoria surrounded them, men and women, young and old, who waved Canadian flags [more]
For the second time in less than five weeks, the central bank has moved to limit lending to consumers and businesses by ordering big commercial banks to park a larger share of their deposits at the central bank. [more]
Peter Aceto, the head of ING Direct Canada, is warning Ottawa not to pull back too quickly on mortgage rules [more]
A massive snow-moving program at Cypress Mountain will have Olympic courses in good condition when the games begin, says the Vancouver Organizing Committee. [more]